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BUSINESS NEWS

Business and Economic News from Nigeria

AfDB would maintain dialogue, particularly with the Office of the Auditor-General in Nigeria, to ensure adherence to the transparency and accountability of the funds.
Funding rates to hover around current levels next week barring any significant flows.
American dollar ended the week cumulatively lower as the possibilities of the second wave of COVID-19 pandemic limited its upside. 
Among the expected items to be received are frozen fish, base oil, general cargo, bulk salt, bulk clinker, butane gas, bulk wheat and soya beans.
Bitcoin will need to have a market capitalization of $2.1 trillion to hit $100,000, and that is about a quarter the market capitalization of gold. 
Business owners and managers who wish to commence operations must put in place the appropriate facilities and working environment to help contain the spread of the COVID-19.
The facility is one of the 12 hospitals which the corporation intends to construct across the six geo-political zones in the country.
Some Washington based law firms filed the new amended complaint, as they alleged MTN’s “conduct targeted the United States”...
The group has agreed to maintain its current output cut of 9.7 million barrels per day till the end of July as against the 7.7 million barrels per day that was initially planned. 
Ewubare stated that NNPC was looking very closely at such variables as logistics, security, and transportation with a view to reducing the cost of production to $10 per barrel or below. 
Bitcoin’s creator is highly unlikely to use his BTC, which has remained dormant since 2009, since the start of the flagship cryptocurrency. 
This warning was contained in a report by the Managing Director, NNPC Retail Limited Managing Director, Dr. Billy Okoye, who also admonished motorists to be careful of the off-spec products.